globalization

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PRESTIGE INSTITUTE OF MANAGEMENT GWALIOR PRESENTATION ON MANAGERIAL ECONOMICS :

PRESTIGE INSTITUTE OF MANAGEMENT GWALIOR PRESENTATION ON MANAGERIAL ECONOMICS PRESENTED TO- NISCHAY K. UPMANYU SIR PRESENTED BY- RAHUL GUPTA MBA I SEM ROLL NO.42

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TOPIC GLOBALIZATION

MEANING:

MEANING Globalization is the process of interaction among the countries of the world in order to develop the global economy. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world.

Types of Integration:

Types of Integration Negative integration Positive integration

Negative integration:

Negative integration Negative integration is the breaking down of trade barriers or protective barriers such as tariffs and quotas. removal of barriers can be beneficial for a country if it allows for product that are Important to the economy.

For examples:

For examples By eliminating barriers, the cost of imported goods will go down. Supply will increase, making it cheaper to produce the finished goods for export. Like electronics , car part and clothes.

Positive integration:

Positive integration Positive integration aims at standardizing international economic laws and policies For examples-a countries which has its own polices on taxation trades with a country with its own sets of policies on tariffs. With positive integration, these countries will work on having similar or identical policies on tariffs.

Effects of globalization:

Effects of globalization It is easy to identify the changes brought by globalization. Improvement of international trade . Because of globalization the number of countries where product can be sold or purchased has increased dramatically.

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2. Technological progress. Because of the need of compete and be competitive globally, government have upgraded their level of technology

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3. Increasing influence of multi national companies . A company that has subsidiaries in various conutries is called multinational companies. often, the head office is found in the country where the company was established. An example is a car company whose head office is in Japan. These company has many branches indifferent countries. Where the head office control the subsidiaries. The subsidiaries is decide on production. The subsidiaries are tasked to increase the production and profit.

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They are able to do it because they have already pretended the local markets. The rise of multinational corporation began after second world war.

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4. Power of the World trade organization (WTO), world bank (WB), according to the experts, another effects of globalization the strengthening power and influences of these international institutions.

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5. Greater mobility of human resources across countries. Globalization allows countries to source their manpower in countries with cheap labor. For instance, the manpower shortages in Taiwan, Southkorea , Malaysia provide opportunities for labor exporting countries such as the philippines to bring their human resources to those countries for employment

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6. Greater Outsourcing of Business Processes to Other Countries. China, India, and the Philippines are tremendously benefiting from this trend of global business outsourcing. Global companies in the US and Europe take advantage of the cheaper labor and highly-skilled workers that countries like India and the Philippines can offer

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Thank you

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